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20130107
20130115
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obama starting the process of filling jobs for his second administration. he's going to be nominating former republican senator chuck hagel for defense secretary coming this afternoon at an event in washington. he's also going to be topping john brennan as the next cia director. also in the news this morning, flowers, foods and mexico's groupo bimbo are among those vying for hostess brands. that's according to reuters. i said bimbo. is it bimbo? it's not bimbo. anyway, those brands, including wonder bread, baker's pride and butternut. the bankrupt company liquidating and the bread brands could bring in more than $350 million. of course we all want twinkies so that could be a good thing. finally a key hurdle has been cleared as american airlines and us airways finally explore a emergencier. us airways pilots have backed a proposal by american's pilots union. and those details about the two groups would be combined in the event a deal was struck, a bankrupt american is expected to consider the merger proposal at a board meeting this week. so we might have a deal finally. or at least we'
't appeared that the obama administration or democrats really are acknowledging that so i've heard they're going to go right back to the well because they only got $600 billion in tax increases. they want, supposedly, $1.2 is the president coming down on his initial demand of $1.6 or whatever. so we need to -- we need to come back to the well on tax increases, and double down on what we already got. without -- and i'm not hearing anything about spending cuts. >> well, first, our problem is primarily a spending problem. >> you've heard what they said, though. >> what the truth is -- but the truth is we're going to have to have more revenues than this last deal. and by the way, the truth is also, you're not going to be able to confine it to people making over $200,000 and $250,000 a year. the numbers don't work. look, here's -- >> eamon just said -- >> why is that the case? you're saying it's a spending problem. and -- >> primarily a spending problem. here's what we need to do. look at all the deals that have been done. august, 2011. this fiscal cliff deal. whatever is done from this poin
think about the view of the obama administration towards the financial sector itself, and i can remember some comments like yeah, you're entitled to a profit but you're not entitled to this huge profit. i think the view of a lot of people in the administration have towards the financial sector, where it's almost seen as not a partner in growing the economy, but almost an impediment to it. do you think we're going to have another four years where they really don't understand how important it is for the financial sector to, you know, to grease the skids for the economy overall? >> well, you know, the regulatory pendulum and attitudes all swing. when there's a crisis it tends to sbing to conservative attitudes, to restraining attitudes and that's what we've seen. we saw it in the '30s, in the late 1980s, early 1990s. but it all always tends to moderate because the financial system is so critical to the well-being of the economy that over time one really has to have a moderate approach to the industry. that will come. now, i can't say that the pendulum has swung as far as it will go. there m
house that will agree with everything that the obama administration wants, then we'll do that and we'll electric more democratic senators, the democrats can control the house, the senate and the white house and we'll give the president a rubber stamp on everything and washington will be totally fixed and we'll live in this great, great european country. so maybe it will go that way. but if it doesn't go that way and it's not washington, it's the people that send these representatives to washington who disagree with -- there's a 50/50 people split in this country of people who love entitlements because they're people on the receiving end and there's people on the other side who is funding everything. i don't know. i don't know whether it's a broken washington or we're just at a crossroads in the way the republic is governed and we have to make a decision as a country which way we head. >> right. that's definitely a lot of the ltage. there's still a lot of assets on the other side of the balance sheet of all those liabilities. you have to focus on growth. growth should be the -- you kn
, of the obama administration has been they don't really care about people with private -- >> you have a long way to go. >> i happen to think jack lew is qualified. look, he's been omb director twice. >> we haven't had a budget in three years. >> he's been chief of staff. he's extraordinarily familiar, we all know, with congress. if you think about the issues immediately ahead which are largely fiscal, he couldn't be better prepared. he has the confidence of the president. he's going to be smoothly confirmed. those are critical criteria. for example, you can't afford in this environment, both globally as well as relative to congress and fiscal cliff, too, you can't afford to nominate someone whose nomination is going to be hung up on the hill. you can't do that. >> former senator judd gregg i heard him this morning saying, look, whether you agree with him or not this is a man who's qualified and he will pass. >> and he's respected on both sides of the aisle. >> and he worked for tip o'neill when tip o'neill was negotiating with ronald reagan and that's an important point. >> he was 20 years old.
Search Results 0 to 4 of about 5